India's Sensex slumps to 32-month low on oil surge, foreign exodus
India’s benchmark Sensex slumped to its lowest in 32 months on Thursday as surging oil prices, rising global bond yields and a weaker rupee heightened inflation concerns, adding to pressure from the central bank’s hawkish rate increase a day earlier. The Nift...
India’s benchmark Sensex slumped to its lowest in 32 months on Thursday as surging oil prices, rising global bond yields and a weaker rupee heightened inflation concerns, adding to pressure from the central bank’s hawkish rate increase a day earlier. The Nifty 50 fell 1.64% to 22,231.8, and Sensex shed 1.44% to 71,593.24. This was 50-stock index’s lowest close in 18 months. The decline came as foreign investors step...